CC and Skadden called up for lead roles on China smartphone giant Xiaomi's landmark IPO

Magic circle firm advising underwriters on what could be the largest IPO since 2014

Clifford Chance (CC) and Skadden Arps Slate Meagher & Flom have landed lead roles on Chinese smartphone maker Xiaomi’s upcoming Hong Kong initial public offering (IPO).

The company – which took in revenues of more than 100 billion yuan ($11.6bn) last year – did not specify the amount it is aiming to raise in a filing with the Hong Kong Stock Exchange on Thursday.

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